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Joined 3 years ago
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Cake day: July 8th, 2023

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  • Depending on the state the (ex)employee is in, it can be illegal to withhold wages of any reason not prior authorized by the employee. As this was an involuntary termination(firing) the employee likely did not known it was coming. Depending on how she was normally paid it may have required payment at time of termination(depending on state again) so the employer may not have been able to deduct anything from a final check already processed/created.

    With that said, everything ever in any company, security and HR basics book ever says you let the person walk with something and if you want to pursue theft charges you do so as a company. Most companies know people who are being fired experience a lot of emotions and it can put them in a state where they may act unpredictably. It may escalate into violence, retaliation by the (ex-employee), cause a scene, etc., none of which are anything approaching “worth it” for a company unless you’re talking about trade secrets or the like and not a $1.14 vest. Many employees/humans, when given the chance to take a breath and leave the situation would have returned the vest, but being treated like a caged animal yields predictable results for corporations who sees their employees as such.

    Horrifying and unsurprising from Walmart where customers are/were funneled into violence chutes(black Friday) to save $50 on TVs each year with no thought to the bigger picture or safety basics.







  • SpaceX IPO that was “fast tracked” for inclusion in the NASDAQ 100 is exit liquidity for the early investors and musk(S&P500 was also going to change rules until uproar and 2 days ago announced they weren’t waiving rules of profitability, tenure, etc.). Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public’s retirement will fund it. It’s the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?

    If any of this sounds familiar, it’s the same playbook as the great recession/“financial crisis”, when the rich elite suddenly required rescuing and backing of the US gov because their greed didn’t offer an out. Suddenly the public’s problem when they would have to take a loss.



  • SpaceX IPO that is being “fast tracked” for inclusion in the S&P500 is exit liquidity for the early investors and musk. Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public’s retirement will fund it. It’s the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?

    If any of this sounds familiar, it’s the same playbook as the great recession/“financial crisis”, when the rich elite suddenly required rescuing and backing of the US gov because their greed didn’t offer an out. Suddenly the public’s problem when they would have to take a loss.




  • I the cumulative increase up a few years ago by going to PGEs deliberately difficult to navigate rate sheet and pulled it together for myself and it was 70% compunded from the original base rate, their math is low if they’re actually trying to measure the impact vs. a baseline. I wonder if these clowns ignored the compounding effect?

    A 15% increase followed by a 20% increase is not a combined 35% increase from a baseline, it’s 38%. Basic fucking compounding(1.15*1.2). The more you run sequential increases the more the difference grows. Doubtless those are the numbers PGE and other utilities would hope regulators and news people would use when provided…